11 Best Cosmetic Surgery and Aesthetics Stocks to Invest in Now

6. Establishment Labs Holdings Inc. (NASDAQ:ESTA)

Number of Hedge Fund Holders: 24

One of the Best Aesthetics Stocks, Establishment Labs Holdings Inc. (NASDAQ:ESTA) is a medical technology business that sells both cosmetics and medical equipment. It works on the development, production, and distribution of silicone-filled breast and body-shaping implants. The Motiva Implants brand is used by the business to market its products. Through direct sales, it distributes its products to physicians, clinics, hospitals, and medical distributors. Its geographical divisions include Asia-Pacific/Middle East, Europe, Latin America, and others.

Revenue increased by 4.47% year over year in Q3 2024 as a result of higher account onboarding and strong initial demand for Motiva Implants in the U.S. after FDA approval. In just three weeks after launch, Motiva Implants onboarded over 250 new accounts, and they are now adding 15 accounts per day. Moreover, Establishment Labs Holdings Inc. (NASDAQ:ESTA) is focusing on global expansion, with revenue in the United States likely to exceed $35 million by 2025.

BTIG maintained a Buy rating on the shares and increased the price target for Establishment Labs Holdings Inc. (NASDAQ:ESTA) from $62 to $65 on October 14, 2024, as part of an updated research note that previewed the Q3 MedTech results. In a research note, the analyst informed investors that the sector had “solid returns”. These results largely align with fundamental feedback during Q3, as procedure volumes have been healthy and demand is strong. According to the firm, channel assessments in numerous subsectors also indicate that procedure demand would remain strong through 2025 due to support from low unemployment and demographics.

Wilmot B. Harkey And Daniel Mack’s Nantahala Capital Management was the largest stakeholder in the company from among the funds in Insider Monkey’s database. It owns more than 2.3 million shares worth $102.08 million as of Q3.